Czech Stocks: Erste Group Bank, New World Resources Are Active

The Czech Republic’s PX (PX) stock index dropped 0.5 percent to 930.2 at the close in Prague, snapping two days of gains.

The following were among the most active equities in the Czech market today. Stock symbols follow company names.

Erste Group Bank AG (RBAG) of Austria fell 2.8 percent, the most in three weeks, to 423.3 koruna as euro-region economic confidence declined more than forecast and Italy’s funding costs rose at a debt auction.

New World Resources Plc (NWR) , the biggest Czech coking- coal producer, rose 0.7 percent to 126.1 koruna.

Commodities advanced after Federal Reserve Chairman Ben S. Bernanke yesterday signaled that U.S. central bankers may extend stimulus if conditions worsen for the world’s largest economy.

To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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